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Bartholomeusz: Today Woodside reported record revenue and earnings, with earnings rising 7.5 per cent to $US873 million in the June half
Bartholomeusz: Today Woodside reported record revenue and earnings, with earnings rising 7.5 per cent to $US873 million in the June half. More impressive, however, is the group's underlying financial position. It halved its gearing to 26.4 per cent and built up its cash reserves from $611 million to $US1.8 billion. It generated $US1.5 billion of cash flow and paid a special dividend with a payout ratio to 80 per cent of its underlying net profits. In a resources sector plagued by high costs, lower prices and considerable uncertainty, the group is in a very strong position, with lots of future growth options and the balance sheet to exercise them. Read more: (VIEW LINK)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
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